Troax Group Ab Class A · OMXSTO:TROAX
Troax Group Ab Class A — Q4 2024 Earnings Presentation
15 slides from Troax Group Ab Class A's earnings presentation, Feb 7, 2025
Slide 1: Troax Group Interim Report Q4 2024
TROAX »TROAX GROUP« INTERIM REPORT 04 2024 Tth February 2025 MARTIN NYSTROM, PRESIDENT AND CEO ANDERS EKLOF, CFO
Slide 2: Summary Q4, 2024
Summary Q4, 2024 Return to organic order intake growth despite mixed demand picture • Mixed demand picture between markets and geographies – main positive development in North America • Weaker demand continued in Europe • More pre-sales activity in the warehousing segment and orders in the Active Sa
Slide 3: Acquisition of ST&L
Acquisition of ST&L • ST&L specializes in machinery safety and risk management solutions • Established 1998 • Expertise within comprehensive safety assessments to ensure workplace safety and compliance with legal requirement. • ST&L offers full turnkey solutions for machinery safety, inspections, ma
Slide 4: Market development (Order intake YoY, organic)
Market development (Order intake YoY, organic) Total +12% Automotive Warehousing Construction Process Other Total % of ~15% ~35% ~10% ~10% ~30% 100% revenues 2024 Percent of revenues Order intake Y/Y (2024) Q4 2024 Continental Europe 50% -9% North America 16% +83% Nordics 15% -5% United Kingdom 10%
Slide 5: Order intake growth (YoY)
Order intake growth (YoY) Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2019 2020 2021 2022 2023 2024 OI growth Sales growth
Slide 6: Order intake development
Order intake development Order intake by quarter (MEUR) Growth +12% +12% 3,9 0,4 68,0 3,2 60,6 +1% +6% 68,0 +5% 68,0 60,6 20-Q4 21-Q4 22-Q4 23-Q4 24-Q1 24-Q2 24-Q3 24-Q4 Q4-23 Organic Structure FX Q4-24 Order intake (MEUR) 68.0 (+12%)
Slide 7: Sales development
Sales development Sales by quarter (MEUR) Growth 0% 0% 66,6 4,3 0,4 66,7 Revenues -4,5 +1% +6% 66,6 66,7 -7% 66,7 20-Q4 21-Q4 22-Q4 23-Q4 24-Q1 24-Q2 24-Q3 23-Q4 Q4-23 Organic Structure FX Q4-24 Sales (MEUR) 66.7 (+/-0%)
Slide 8: EBITA development
EBITA development 20 25 EBITA margin (%) 19,6 20,1 19,7 17,9 20 15 17,0 15,5 16,8 17,2 17.2% (-14%) 15 10 10 • Dilution from structure (~1%) 13,4 11,5 5 • Dilution from FX (~1%) 5 • Price discipline and continuous 0 0 improvements counter balance low 20-Q4 21-Q4 22-Q4 23-Q4 24-Q1 24-Q2 24-Q3 24-Q4 o
Slide 9: Working capital development
Working capital development 70 0% -4% 25 21,2 Working Capital 60 20 50 56.7 MEUR (-4%) 40 15 30 56,7 56,7 10 • Stable overall 20 10 5 • Decreasing working capital sequentially 0 0 21-Q4 22-Q4 23-Q4 24-Q1 24-Q2 24-Q3 24-Q4 NOTE: Working capital is defined as 3 month rolling (Accounts receivables + in
Slide 10: Operating cash flow development
Operating cash flow development 25 200 Free operating cash flow 20 150 15 126 14.4 MEUR 100 • Strong cash flow from operations 10 15,4 14,4 50 5 0 0 21-Q4 22-Q4 23-Q4 24-Q1 24-Q2 24-Q3 24-Q4 Operating cash flow (MEUR) R3 Cash conversion %
Slide 11: Net debt development
Net debt development 90 3,0 Financial Net debt / EBITDA 80 2,5 Target: Net debt/EBITDA <2.5 70 2,0 0.8 (R12) 60 1,5 50 0,8 1,0 • Net debt continued to decrease during Q4 40 0,5 • Target is to be below 2.5 30 • Significant fire power for acquisitions 20 0,0 20Q4 21Q4 22Q4 23Q4 24Q4 Financial net debt
Slide 12: Financial summary
Financial summary KEY FINANCIALS (MEUR) Q4 2023 Q4 2024 GROWTH (YoY) OI Revenues Order intake 60.6 68.0 Organic +5 -7 Sales 66.6 66.7 Structure +6 +6 EBITA 13.4 11.5 Organic + structure +11% -1% EBITA (%) 20.1% 17.2% Currency +1 +1 Net debt / EBITDA 0.9 0.8 Total +12% +/-0% EPS (adjusted) 0.16 0.15
Slide 13: Summary Q4, 2024
Summary Q4, 2024 Return to organic order intake growth despite mixed demand picture • Mixed demand picture between markets and geographies – main positive development in North America • Weaker demand continued in Europe • More pre-sales activity in the warehousing segment and orders in the Active Sa
Slide 14: Caring for everyday safety
A safety authority -Caring for everyday safety We believe your everyday safety matters. In essence, is it all about providing you with peace of mind. Our people make the difference Everyday safety means bringing every employee back home safe, businesses sustainably higher productivity, and valuables
Slide 15: Q&A
i »Q&A